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dionne from "the washington post." thank you for your time tonight. >> good to be with you, reverend. >> what do you think when you compare reagan in clips like that kind of talk we're hearing from john boehner today? >> you know, i do sometimes think that ronald reagan might well lose a republican primary these days because he's too moderate. somebody once said it's better than it sounds. and reagan governed in a far more moderate way than he talked before he became a politician. and i think particularly in the last four years something happened to conservatism and the republican party. my friends, tom man and norm stein got a lot of attention for their book. it's worse than what it looks. the republicans have become more radical and more determined to roll back not only parts of the new deal but parts of the great society. i don't think john boehner himself is that far to the right but he's got to worry about this caucus of his that i think does contain a lot of people who fit into that radical category and it's crea
dionne from "the washington post." thank you for your time tonight. >> good to be with you, reverend. >> what do you think when you compare reagan in clips like that kind of talk we're hearing from john boehner today? >> you know, i do sometimes think that ronald reagan might well lose a republican primary these days because he's too moderate. somebody once said it's better than it sounds. and reagan governed in a far more moderate way than he talked before he became...
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capitol christmas tree arrived in washington on monday. but behind the festive scene outside, there was a partisan war raging inside on the floor of the senate. the combatants-- democratic majority leader harry reid and republican minority leader mitch mcconnell. >> americans believe congress is broken. once again, the only ones who disagree are mitch mcconnell and the republican party. >> i've never said the senate's working fine. i think the senate's been disastrously run for the last two years. >> the american people know, democrats and republicans, that this place isn't working and there needs to be some changes so that we can proceed to get some legislations passed. >> disastrously run. but not because of the rules, but because of the operation. and it's certainly not the fault of the republicans. >> holman: the war of words comes as democrats look to make changes to senate rules playing a big role in that gridlock, specifically, use of the filibuster-- used to block or delay senate action on a bill by debating it at length or offerin
capitol christmas tree arrived in washington on monday. but behind the festive scene outside, there was a partisan war raging inside on the floor of the senate. the combatants-- democratic majority leader harry reid and republican minority leader mitch mcconnell. >> americans believe congress is broken. once again, the only ones who disagree are mitch mcconnell and the republican party. >> i've never said the senate's working fine. i think the senate's been disastrously run for the...
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i'm chris matthews in washington. let at the start tonight with this. somebody has got to break it to mr. boehner, your side lost. romney, remember him? he's the guy who ran on the rich man's platform. the hands off the big boys' ticket. he's the guy who said his fellow 2%ers have your back. mr. boehner, ye of limited memory, the voters looked this issue directly in the eye, they heard your guy, romney, playing palace guard for the plutocrats and they said i think i'll vote for the guy who is looking out for the middle class. i think i will let that guy go back to bain or whatever. time for mr. baoehner to stop protecting the rich. joy reid is managing editor of the grio and david corn is washington bureau chief for mother jones and the author of the ebook "47% percent." today the president took his pitch to a factory in the philadelphia suburbs and he made clear the rich must pay their fair share. obama's job number one, a tax cut for the 98%. the rest of the people. let's listen to him. >> it's not acceptable to me and i don't think it's acceptable to
i'm chris matthews in washington. let at the start tonight with this. somebody has got to break it to mr. boehner, your side lost. romney, remember him? he's the guy who ran on the rich man's platform. the hands off the big boys' ticket. he's the guy who said his fellow 2%ers have your back. mr. boehner, ye of limited memory, the voters looked this issue directly in the eye, they heard your guy, romney, playing palace guard for the plutocrats and they said i think i'll vote for the guy who is...
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he said he's got a naughty and nice list back in washington. he's got certain congressmen in mind to be on that naughty and nice list. but take a listen to what the president said making the case that this is all about tax cuts for the rich and republicans wanting to preserve those. >> what's riding on this debate. this is too important to our economy. it is too important for our families to not get it done. it's not acceptable to me and i don't think it is acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> then one of those congressmen who's presumably on the president's naughty list today, speaker john boehner, who came out just a few minutes after the president spoke. he talked here on capitol hill a little bit about the stalemate that he sees these talks being at this point. sort of a glum take here from the speaker of the house. obviously he's saying that these negotiations not broken down. they continue to talk bu
he said he's got a naughty and nice list back in washington. he's got certain congressmen in mind to be on that naughty and nice list. but take a listen to what the president said making the case that this is all about tax cuts for the rich and republicans wanting to preserve those. >> what's riding on this debate. this is too important to our economy. it is too important for our families to not get it done. it's not acceptable to me and i don't think it is acceptable to you for just a...
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more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. i want to get a big tv for my big family, for the big holiday. we like to watch big games. we got a big spread together... so it's gotta be big. how about the 55-inch lg tv. it's led and has incredible picture quality... that's big... but i got a little budget. with the walmart credit card special financing you can go big this year. that's big time! alright! [ male announcer ] get the season's hottest brands, like an lg 55-inch led tv. make an electronics purchase of $429 or more on your walmart credit card and get no interest if paid in full within 18 months. america's gift headquarters. walmart. >>> no internet no, e-mail, no cell phone
more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. i want to get a big tv for my big family, for the big holiday. we...
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washington d.c. has been in bubble bland. we are in a government bubble. washington d.c. is disconnected from the reality of real-estate going up but the issue is washington d.c. things we are on the dot dog, or housing bubble from the bubbles stretching back to the 90s. we are no longer there. stuart: i am frightened by no debt ceiling and a person has the authority, will borrow this, just do it. liz: imperial presidency. gerri: the president what powers he shouldn't take and regular americans think this makes sense. it does not. the thing you need to know is who pays the bill? to pay the bill? stuart: my grandchildren will pay the bill. i have seven grandchildren. just had another one added. >> congratulations. stuart: it was nothing. sorry. i am digressing and i shouldn't do that. imperial presidency. no debt ceiling. just get out and borrow because i say so. that is terrible. >> i think the democrats made a mistake in tipping their hand by including that. all of these negotiations people a try to figure out what matters to the aside, what leverage do we have and in pu
washington d.c. has been in bubble bland. we are in a government bubble. washington d.c. is disconnected from the reality of real-estate going up but the issue is washington d.c. things we are on the dot dog, or housing bubble from the bubbles stretching back to the 90s. we are no longer there. stuart: i am frightened by no debt ceiling and a person has the authority, will borrow this, just do it. liz: imperial presidency. gerri: the president what powers he shouldn't take and regular americans...
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he went to costco here in washington, d.c. and showed us with his own costco card and showed up witha firewood and a t.v. and apple pie. god bless america. lots to talk about this morning. let's find out first what's going on. here is the latest from lease a ferguson out in los angeles. hi, lisa. good morning. >> hey, bill. good morning, everyone. well, president obama is taking his fight over the fiscal cliff today heading to hatfield, pennsylvania. he is going to tour the rhodon group manufacturing facility. >> that's a place the white house says is one of the many businesses that depends upon middle class shoppers this holiday season. rhodon manufactures connect brand. that time group sells toys like angry birds building sets and tinker toys. at the end of the year, as i am sure you know by now the average middle class family is facing a 2,000 dollar tax hike. on monday of this week the white house released a report saying that could be americans spending $200,000,000,000 less in 2013. the president will continue to push hi
he went to costco here in washington, d.c. and showed us with his own costco card and showed up witha firewood and a t.v. and apple pie. god bless america. lots to talk about this morning. let's find out first what's going on. here is the latest from lease a ferguson out in los angeles. hi, lisa. good morning. >> hey, bill. good morning, everyone. well, president obama is taking his fight over the fiscal cliff today heading to hatfield, pennsylvania. he is going to tour the rhodon group...
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"the washington post." two u.s.-based companies confirm that 100% of syria's internet service went offline yesterday. cell phone service also went down in damascus and other parts of central syria. activists claim president bashar al assad shut both services down to prepare for a major assault against rebel forces. state-run television reported the outage as a "technical failure." sam, take the next one. >> this is where i read, right? >> yes, read. >> "the seattle times." the united nations has voted overwhelmingly to recognize palestine as a nonmember observer state. shsymbolic victory that palestinians hope will strengthen their hand in future peace talks. both the u.s. and israel strongly object to the move, arguing that palestinians must first recognize israel's right to exist before gaining new rights at the u.n. >>> all right. harold, let's do "the l.a. times." >> i enjoyed watching him do it. >> i'm getting nervous. "los angeles times." a new study finds ice sheet melting in greenland and an antarctica, more
"the washington post." two u.s.-based companies confirm that 100% of syria's internet service went offline yesterday. cell phone service also went down in damascus and other parts of central syria. activists claim president bashar al assad shut both services down to prepare for a major assault against rebel forces. state-run television reported the outage as a "technical failure." sam, take the next one. >> this is where i read, right? >> yes, read. >>...
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but back home in washington, the opposition party, the republican party, at least some of them, have decided they do not want anybody to fill that job. senator kelly ayotte of new hampshire says she will block the nomination of anyone to be the top diplomat for the united states. john mccain has said the same thing, that he would not support confirming anyone, anyone for that job. the way he feels now. both senators saying they would prefer nobody had that job because of their upset over comments made on sunday morning talk shows by a member of the obama administration on the weekend after the attack on the u.s. consulate in benghazi. republican senator susan collins has now decided that that administration official, u.n. ambassador susan rice, is someone she could not support for secretary of state if president obama nominates her for that job because susan rice chose to appear on those sunday shows at all, regardless of what she said there. >> i continue to be troubled by the fact that the u.n. ambassador decided to play what was essentially a political role at the height of a cont
but back home in washington, the opposition party, the republican party, at least some of them, have decided they do not want anybody to fill that job. senator kelly ayotte of new hampshire says she will block the nomination of anyone to be the top diplomat for the united states. john mccain has said the same thing, that he would not support confirming anyone, anyone for that job. the way he feels now. both senators saying they would prefer nobody had that job because of their upset over...
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your money needs an ally. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. can your moisturizer do that? [ female announcer ] dermatologist recommended aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for life. only from aveeno. >>> our second story out front, victory for palestinians. the u.n. general assembly voted in favor of palestinian state hood. we want to show you the wild celebrations going on right now. this is the west bank. after the u.n. overwhelmingly gave the palestinians something they have wanted for years and the vote was pretty overwhelming. 138 countries in favor. it was a shellacking for those against it. the resolution passed against the wil
your money needs an ally. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. can your moisturizer do that? [ female announcer ] dermatologist...
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>> it's really to bury the hatchet. >> mitt romney comes to washington. guess whose coming to lunch? >> rip flamba. >> we are now 33 days away from the fiscal curb, and democrats are telling republicans that it's their move. >> we are not going to negotiate with us. we have made a proposal through the president of the united states. that proposal said we should revert back to the same tax plan that we had when clinton was president. you can't get from here to there unless you raise the upper rates. and that's what the president suggested, it's up to them to come forward with something else. >> the day after boehner loyalist tom cole, republican congressman from oklahoma said that the house should simply take up the bill that the democrats passed in the senate that would raise income taxes only on the top income tax brackets. another senior republican lawmaker who asked not to be identified this time told reuters that the democratic bill could pass in the house of representatives if john boehner would allow such a bill to be brought to the house floor for
>> it's really to bury the hatchet. >> mitt romney comes to washington. guess whose coming to lunch? >> rip flamba. >> we are now 33 days away from the fiscal curb, and democrats are telling republicans that it's their move. >> we are not going to negotiate with us. we have made a proposal through the president of the united states. that proposal said we should revert back to the same tax plan that we had when clinton was president. you can't get from here to there...
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in a triple action formula to relieve your tough migraines. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. and social security strong for generations to come. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> in syria there's a sense of growing urgency and anxiety. we will get to why in a moment. first, i would like to show you some images that are quite frankly very disturbing and we want to warn you, extremely graphic. but above all, they are a reminder of why
in a triple action formula to relieve your tough migraines. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. and social security strong for...
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david: our next guest says leaders in washington are not the only ones that can help our fiscal health the wall street has to step up as well. joining us former fdic chair, author of, bull by the horns, i love the name of that book. sheila. >> nice to be here, thank you. david: you want to increase taxes on investment. a lot of these taxes have come down tremendously over the past 15 years. of course it started with the clinton administration when he cut capital-gains taxs. >> he did. david: usually the more you tax something the less you get of it as a result. >> correct. david: don't we want more investment now? >> well, i think there is plenty of investment dollars out there. just they're not going into very productive investments. you know, look, the issue is not whether you want to penalize the investment income. the issue whether you want to penalize wages and we pay substantially higher rates on wage income which is where most americans get their money, than we do investment income. no economic research that shows that having a lower capital gains rates spurs investment that cre
david: our next guest says leaders in washington are not the only ones that can help our fiscal health the wall street has to step up as well. joining us former fdic chair, author of, bull by the horns, i love the name of that book. sheila. >> nice to be here, thank you. david: you want to increase taxes on investment. a lot of these taxes have come down tremendously over the past 15 years. of course it started with the clinton administration when he cut capital-gains taxs. >> he...
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more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>shepard: there are two winning powerball ticketed. for the record 588 million jackpot, one sold in missouri, one in arizona. one was sold in fountain hills, arizona, near phoenix. the other in dearborn, missouri, north of kansas city. not winning ticket holders are individuals each individual takes the lump sum option of $38 5 million, that is for both so each would have $193 million. prior to taxes. which is greater than the estimated net worth of kanye, and eli manning, and johansson combineed. trace has the news live in washington. account winners remain anonymous can you? >>trace: they can remain anonymous in five states. but in mis
more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>shepard: there are two winning powerball ticketed. for the...
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this is the tip of the iceberg. 100-mile-per-hour wind gusts in washington and oregon. the system will ramp up and the peak of it over the weekend. storm totals, again, only so far with the system. about a foot of rain in oregon through california, 6 and 7 inches of rain. and the problem with this system is that it's a warm system so we're not going do see snow even at the highest elevations above 8,000 feet. snow. but when you get rain that high in the mountain this is's when the flooding occurs. this is the current radar. a lot of rain but seeing when's behind this, that's when the system really has energy and so much potential energy. wave one moved through yesterday. wave two, today and tomorrow. the most potent of all of these three waves from the coast and on to the northwest will be wave three and that's through the weekend, saturday and sunday and again because it's so warm, at the highest elevations above 8,000 feet we will see a few inches and a few feet of rain but what we're going to see is ten inches of rain potentially. so don, flooding with this is really
this is the tip of the iceberg. 100-mile-per-hour wind gusts in washington and oregon. the system will ramp up and the peak of it over the weekend. storm totals, again, only so far with the system. about a foot of rain in oregon through california, 6 and 7 inches of rain. and the problem with this system is that it's a warm system so we're not going do see snow even at the highest elevations above 8,000 feet. snow. but when you get rain that high in the mountain this is's when the flooding...
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i'm happy to be back from washington. i'm happy sue herera is at the center of the action -- i'm just a happy guy, sue. i'm glad to have you back, too. >>> it happened just before noon. once again the markets tanking, a steep dive after discouraging words from washington on the state of the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment down here is these guys should stop talking and start crafting a deal. >> reporter: that's the sentiment here in the hallways of capitol hill as well, sue. i can tell you that. we are starting to get a little more clarity on what's going on here today. i just had the chance just a few moments ago to button-hole senator harry reid here in the hallway, asking him a very specific question. i said did treasury secretary tim geithner come up here with a new specific offer for republicans? is that what he laid down on the table for speaker john boe
i'm happy to be back from washington. i'm happy sue herera is at the center of the action -- i'm just a happy guy, sue. i'm glad to have you back, too. >>> it happened just before noon. once again the markets tanking, a steep dive after discouraging words from washington on the state of the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment...
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still find themselves -- what's washington on in the coin field? >> reporter: the quarter? megyn: he's on the quarter, so he's got that going for him. lincoln's on the $5 bill, so really, he'll be fine. thanks, trace. we're taking your thoughts on that. >>> breaking news in washington, speaker of the house john boehner saying no substantive progress has been made in weeks on a deal to prevent tax hikes and spending cuts in the new year. democrats firing back that republicans haven't offered any plan, and the american people remain caught in the middle. >>> plus, former president george h.w. bush hospitalized. we will bring you the very latest on his condition. >>> and the battle of coworkers versus cosmetic enhancements as one teachers' union opts to layoff some of its staffers to keep a health care plan that they love because it pays for liposuction. ♪ are you receiving a payout from a legal settlement or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump
still find themselves -- what's washington on in the coin field? >> reporter: the quarter? megyn: he's on the quarter, so he's got that going for him. lincoln's on the $5 bill, so really, he'll be fine. thanks, trace. we're taking your thoughts on that. >>> breaking news in washington, speaker of the house john boehner saying no substantive progress has been made in weeks on a deal to prevent tax hikes and spending cuts in the new year. democrats firing back that republicans...
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in washington they have a lot of work to do. the question is whether or not the tax issue, whether or not the president has flexibility on that. whether we go back to the 39% or whether it would be less than that. are you seeing any light in that discussion? >> if he's willing to negotiate about the highest rates i take that as a wonderful, wonderful sign. you know, first place, even if they raise the rates they are never going to get the money. these people know how to get around paying taxes. they hire lawyers, accountants, deferred income specialists. the estimates of 85 billion are just wrong. number two these are the job creators, martha, these are the people who hire all the other people, these are the people who spend the money, these are the people who have secondary revenues affects so you're going to lose huge amounts of money if you raise tax money aress on the highest income earners. if he's willing to be flex flexible on that i am excited and pleased, and i hope he is being sincere and if he is we hope we can get a
in washington they have a lot of work to do. the question is whether or not the tax issue, whether or not the president has flexibility on that. whether we go back to the 39% or whether it would be less than that. are you seeing any light in that discussion? >> if he's willing to negotiate about the highest rates i take that as a wonderful, wonderful sign. you know, first place, even if they raise the rates they are never going to get the money. these people know how to get around paying...
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let's go to dan lothian live in washington for us. dan, tell us should americans be hopeful something will be done in 15 days? that's before congress goes on vacation. >> let's remind a little bit. it was a week ago when president obama met with congressional leaders before he went overseas. there was a sense of optimism that they could get something done. now it appear it is two sides are still very far apart. so that's why you see the president pushing this tax extension for middle class americans. the president believing this is not necessarily the answer, the comprehensive answer. it's part of the solution. he's been meeting with small business owners at the white house. with big-time ceos as well. yesterday had middle class americans who expressed how they would be impacted by taxes going up to the tune of $2200 if the middle class tax extension is not done for them. the president believing that upper income americans need to pay more. republicans pushing back on that. none theless the president sounded optimistic. >> a clear maj
let's go to dan lothian live in washington for us. dan, tell us should americans be hopeful something will be done in 15 days? that's before congress goes on vacation. >> let's remind a little bit. it was a week ago when president obama met with congressional leaders before he went overseas. there was a sense of optimism that they could get something done. now it appear it is two sides are still very far apart. so that's why you see the president pushing this tax extension for middle...
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one time to cash n >> steve: up in the great state of washington. same-sex law takes affect on december 6th. what that means, the department of health. they have all of those forms to fill out when people get married. they are proposing to get rid of bride and groom and husband and wife and replace it with something . they haven't figured out. it might be spouse a or spouse b or person a or person b. >> brian: person a takes to the be the lawful wedded mate. >> gretchen: you can't even explain it. when you try to explain you go down a bumpy road. guess how many people complain and want to take bride and groom out of the marriage certificate process. >> brian: we can't hear their answers. >> gretchen: so guess how many people. >> brian: a lot. >> steve: i don't know. >> gretchen: brian said a lot. >> steve: probably not that many. the problem is they changed the law and voted it in and now the government is trying to catch up what the people want. >> gretchen: they voted it in to law same-sex person. one person complained. >> brian: well >> brian: we
one time to cash n >> steve: up in the great state of washington. same-sex law takes affect on december 6th. what that means, the department of health. they have all of those forms to fill out when people get married. they are proposing to get rid of bride and groom and husband and wife and replace it with something . they haven't figured out. it might be spouse a or spouse b or person a or person b. >> brian: person a takes to the be the lawful wedded mate. >> gretchen: you...
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it's too important for washington to screw this up. now's the time for us to work on what we all agree to, which is let's keep middle-class taxes low. that's what our economy needs. that's what the american people deserve. >> white house also turning to social media has a twitter hash tag to spread its message. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress. write them an e-mail, post it on their facebook walls. you can tweet it using the hash tag #my2k. not y2k, my2k. >> i think that's going to push us into the promised land. >> i was incredibly encouraged. i had been depressed and then i said this could actually get done with a hash tag. >> you're very pessimistic. we heard erskine bowles saying yesterday, he thinks it's less than a one in three chance, of course, co-author of the simpson-bowles plan. >> i was in washington earlier this
it's too important for washington to screw this up. now's the time for us to work on what we all agree to, which is let's keep middle-class taxes low. that's what our economy needs. that's what the american people deserve. >> white house also turning to social media has a twitter hash tag to spread its message. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress...
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because in washington you can get pessimistic quick. but i do have confidence there is path way on tax reform, on continued education reform, on doing some smart things around energy. and that's the test of the ment and the leaders in the senate and houses. can they come together post election. and for a period of time put your needs and the needs of the country first. and i have a great deal of confidence we'll do that. so i look forward to talking to you about the election that just happened. [applause] >> thank you for having me back. it's great to be back at the university of delaware and thank you for coming. when we look at this election in 2012, republicans should not be diluted about the magnitude of the president's reelection victory. this was a big night for the democrats not just at a presidential level but also look across the country in the u.s. senate seats. and for my fellow republicans in the room to quote john mccain it's always darkest before it's completely black. but as we look at this election, there's a couple of t
because in washington you can get pessimistic quick. but i do have confidence there is path way on tax reform, on continued education reform, on doing some smart things around energy. and that's the test of the ment and the leaders in the senate and houses. can they come together post election. and for a period of time put your needs and the needs of the country first. and i have a great deal of confidence we'll do that. so i look forward to talking to you about the election that just happened....
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. >> at least until the partisans in washington realize what's at stake. or should we say, if they do? >> senator reid basically said we're not going to have one. warren buffett talking about going over, probably going to happen, january. the dichotomy has changed. i thought it was on/off, now i feel like it's on, we're going to go over. >> business leaders pleading with the president right now. >> we're not telling people what to do. we're not in a position, we're not elected to do that. but we do have expertise, and the people who are legislating are right to ask our views. >> protecting and profiting from the fiscal cliff on "fast money" tonight. >> live from the nasdaq market site in new york city's time square, i'm melissa lee. just buy it fiscal cliff headlines are whipping the market. >>> and swimming with the sharks, real estate mogul and shark tank star barbara corkwin. >>> and about face, facebook shares hitting another multimonth high. should you be buying this turn around? we'll get the bull case with the shareholder of graykroft partne partner
. >> at least until the partisans in washington realize what's at stake. or should we say, if they do? >> senator reid basically said we're not going to have one. warren buffett talking about going over, probably going to happen, january. the dichotomy has changed. i thought it was on/off, now i feel like it's on, we're going to go over. >> business leaders pleading with the president right now. >> we're not telling people what to do. we're not in a position, we're not...
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Nov 28, 2012
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which does beg the question, when did stripers in washington start bringing the poles home with them? or was she actually dancing for the gators? who were stoned? and if so, how did they give her dollar bills? >>neil: take the 98 percent deal and deal with tax rate hikes on the rich later? that is a republican congressman. comingcoming to you from sunny california, the tax capital of the world, taxes could now go even higher for those earning more than $250,000 a year, or maybe a lot higher because a republican congressman seas we should freeze tax rates for the majority of the americans in time for christmas and deal with the top 2 percent who likely see their rates raised later. that triggers this reaction from house of representatives speaker boehner. >> i told tom i disagreed. you are not going to grow the economy if you raise tax rates on the top two rates. it will hurt small business. it will hurt our economy. that is why this is not the right approach. >> now the guy at the center of the tax storm, oklahoma republican congressman, congressman, he singled you out for calling you
which does beg the question, when did stripers in washington start bringing the poles home with them? or was she actually dancing for the gators? who were stoned? and if so, how did they give her dollar bills? >>neil: take the 98 percent deal and deal with tax rate hikes on the rich later? that is a republican congressman. comingcoming to you from sunny california, the tax capital of the world, taxes could now go even higher for those earning more than $250,000 a year, or maybe a lot...
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president obama says quote-too import for washington to screw this up about what they do? bill harris, the ceo of into it and paypal tells us how to protect yourself before the year ends. liz: the ceo and president of the national federation of independent business, read smaller business. his pleas to congress to lower tax rates on business income, you hear about the big ceo writing letters to congress and the president, his group wrote a letter and are ready to make noise. we will tell you what drove the market in today's data download. stocks rebounded after falling triple digits in the first hour of trade, hints of a potential debt deal end, more quantitative easing, pushed all the way into the green. the wall street journal about 21 minutes ago running a story about the federal reserve, q e 4 will be announced december 12th. the dow, andy and nasdaq end trading day near session highs. all ten sectors higher for the first time in two months. consumer discretionary and energy were the top performers. you helped crude oil falling for the third straight day dropping to its
president obama says quote-too import for washington to screw this up about what they do? bill harris, the ceo of into it and paypal tells us how to protect yourself before the year ends. liz: the ceo and president of the national federation of independent business, read smaller business. his pleas to congress to lower tax rates on business income, you hear about the big ceo writing letters to congress and the president, his group wrote a letter and are ready to make noise. we will tell you...
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. >> it's too important for washington to screw this up. we really need to get this right. ♪ how do you like me now ♪ ♪ how do you like me now ♪ >> good afternoon, it is difficult to hold down the excitement here in new york. it is a growing frenzy that everyone's talking about. there are fantasies of celebration, if the numbers go their way. there are teams pooling resources. there's talk of high stakes and long odds. no, it's not the powerball lottery. it's the fiscal cliff. just in the last hour, at his first cabinet meeting since re-election, the president expressed the urgent need for a deal, one that he wants to see extend tax cuts for the middle class while letting them expire for the highest earners. >> there is no reason why taxes on middle class families should go up. it would be bad for the economy. it would be bad for those families. in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with mi
. >> it's too important for washington to screw this up. we really need to get this right. ♪ how do you like me now ♪ ♪ how do you like me now ♪ >> good afternoon, it is difficult to hold down the excitement here in new york. it is a growing frenzy that everyone's talking about. there are fantasies of celebration, if the numbers go their way. there are teams pooling resources. there's talk of high stakes and long odds. no, it's not the powerball lottery. it's the fiscal...
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all based on the rhetoric out of washington. >> unfortunately. green mountain coffee shares are rallying after posting blowout numbers. herb greenberg isn't buying into the hype. why he's still bearish on the stock, next. >>> the powerball jackpot now at $550 million. no matter who wins, states are going to rake in a lot of money from ticket sales. somebody here says new york and new jersey should use those funds to rebuild their states from the devastation of superstorm sandy. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidel can i help you? i heard you guys can ship ground for less th
all based on the rhetoric out of washington. >> unfortunately. green mountain coffee shares are rallying after posting blowout numbers. herb greenberg isn't buying into the hype. why he's still bearish on the stock, next. >>> the powerball jackpot now at $550 million. no matter who wins, states are going to rake in a lot of money from ticket sales. somebody here says new york and new jersey should use those funds to rebuild their states from the devastation of superstorm sandy....
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Nov 28, 2012
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let me talk about lloyd blankfein, the ceo of goldman sachs who's here in washington today making the rounds. what a difference a year makes for lloyd glablankfein who for past couple of years has been something of a pariah. this morning he told me what he had's like to see out of a deal here in washington. >> we're in the middle of a financial crisis and an economic crisis. so you'd expect the people who are in the middle of the economy and who know most about finance to go down and give their opinions. again, we're not telling people what to do. we don't -- we're not in a election, we're not elected to do that but we do have the exper cease and the people who are legislating are right to ask our views. >> lloyd blankfein there being a little bit gentle saying we're not here to tell people what to do but cl is clearly a message these ceos want to get across today. a little bit while ago we saw a press conference here on capitol hill where ceos called for a bipartisan solution. >> so we encourage congress and the white house to put aside the political rhetoric that still invades this
let me talk about lloyd blankfein, the ceo of goldman sachs who's here in washington today making the rounds. what a difference a year makes for lloyd glablankfein who for past couple of years has been something of a pariah. this morning he told me what he had's like to see out of a deal here in washington. >> we're in the middle of a financial crisis and an economic crisis. so you'd expect the people who are in the middle of the economy and who know most about finance to go down and give...
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Nov 28, 2012
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so it is a busy time in washington right now. and mitt romney will be coming right into the thick of all of this. but, you know, a lot of this is happening just as it seems the romney folks and people in romney world are trying to resuscitate mitt romney's image somewhat. you see stu stevens taking out an op-ed in the washington post just today, brooke, talking about how losing is just losing, and that it is not a mandate to throw out every idea that this candidate expressed during the course of the campaign, and it is not an excuse to show what he called disrespect for what he calls a good man. so we're seeing a lot of mitt romney, not just from the former candidate, but from people around him as well. and so it is going to be interesting to watch all of that tomorrow. >> obviously we would love to be a fly on the wall in the room. we will not be there. but during his first post election press conference, the president hinted at some possible discussion points. watch. >> that's right. >> how can we make the federal government mo
so it is a busy time in washington right now. and mitt romney will be coming right into the thick of all of this. but, you know, a lot of this is happening just as it seems the romney folks and people in romney world are trying to resuscitate mitt romney's image somewhat. you see stu stevens taking out an op-ed in the washington post just today, brooke, talking about how losing is just losing, and that it is not a mandate to throw out every idea that this candidate expressed during the course...
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unlike someone in washington. where the country is appropriate the most successfully one in mankind. >> is europe learning from switzerland? >> the fragility of e -- okay -- is past. in the process of breaking. and gradual and slow transformation into -- if you want europe to survive, it is going to move to something closer to switzerland. >> how about eequipped and the middle east? that's another big stressor. >> egypt is a prime case of what i -- let me invent a word here -- gran greenspanization of something. egypt, the policy of the western world was egypt by propping up mubarak to have stability, quote, unquote, was account of greenspan stability we have, that kind of pseudo moderation. things were brewing under the surface and now we pay the price after 40 years of sadat and the other fellow. so now we have to pay the price. what's going to happen? nobody knows. even the players don't know. we still don't know. i don't think it is going -- we're going to move to democracy overnight. we're going to have turmo
unlike someone in washington. where the country is appropriate the most successfully one in mankind. >> is europe learning from switzerland? >> the fragility of e -- okay -- is past. in the process of breaking. and gradual and slow transformation into -- if you want europe to survive, it is going to move to something closer to switzerland. >> how about eequipped and the middle east? that's another big stressor. >> egypt is a prime case of what i -- let me invent a word...
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even the oracle of omaha is watching washington. warren buffett outlining the plan he thinks could get the fiscal house in order. take a listen. >> the plan would get us in the near future to having 18.5% of gdp as retches and 21% as expenses. we've had that plan basicly in effect since world war ii. it's bounced around a bit, but those two levels, 18.5 and 21 are sustainable, in the sense that they will not increase the ratio of the national debt to gdp. they'll run a deficit every year, but because our economy grows 18.5 and 21 is a very sustainable figure, in fact will probably bring down the debt to gdp over time. >> carol loomis next to him have been on a immediate use tour with their new book, that we're held to the fire, got a very good interview. >>> costco still remains one of the top gainers as they jump on top this special dividend bandwagon, stocks up almost 5%. the dividend, by the way, $7 on common, payable december 18th to shareholders of record december 10s. it is a $3 billion payout. they're going to finance some of
even the oracle of omaha is watching washington. warren buffett outlining the plan he thinks could get the fiscal house in order. take a listen. >> the plan would get us in the near future to having 18.5% of gdp as retches and 21% as expenses. we've had that plan basicly in effect since world war ii. it's bounced around a bit, but those two levels, 18.5 and 21 are sustainable, in the sense that they will not increase the ratio of the national debt to gdp. they'll run a deficit every year,...
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fiscal cliff negotiations in washington and health of the u.s. economy and the health of your housing investment is recovering in much of the country. new home sales numbers come out today. we learned yesterday that home prices posted their biggest gains in more than two years in the third quarter according to s&p/case-shiller. top five cities showing the strongest gains. in phoenix, up more than 20%. in minneapolis, about 9%. losing some traction, new york and chicago. >>> chevy spark and sonic rs models will come complete about apple siri system built into the cars. general motors announced that this week at the auto show. voice-activated system called eyes free, make calls, texting, listen to your calendar appointments and itunes library all while you're driving. >>> holiday air fare expected to go up 8% compared to last year according to the travel site orbitz. the earlier you book, the better. >> to put all of these together, does that mean you can now ask your car, do you know the way to san jose? >> way to go. >> is that right? to pull all
fiscal cliff negotiations in washington and health of the u.s. economy and the health of your housing investment is recovering in much of the country. new home sales numbers come out today. we learned yesterday that home prices posted their biggest gains in more than two years in the third quarter according to s&p/case-shiller. top five cities showing the strongest gains. in phoenix, up more than 20%. in minneapolis, about 9%. losing some traction, new york and chicago. >>> chevy...
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Nov 28, 2012
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that's a big question in washington, d.c. let me say it again. does susan rice have the temperament to be secretary of state? there are a lot of people, democrats who will tell you privately that just maybe she doesn't. but we're not talking about this. this is a clown show that's going on right now. what is -- >> i love that debate. >> well, the long game is unclear and the short game is even more unclear because they're not going to hold up the nomination of susan rice. i meaning if you look at the big picture. they only need to peel off -- i don't know what the number is five or six republican senators. >> who do they end up making stronger? >> they make the obama white house or susan rice look stronger but fighting the fight, three, four, five of them on a losing cause and won't hold up the nomination with four senators. >> it would appear that prior to yesterday that this was all a political passing storm that would get through this and speak behind closed doors and get through this or she would get through this but maureen dowd today in "th
that's a big question in washington, d.c. let me say it again. does susan rice have the temperament to be secretary of state? there are a lot of people, democrats who will tell you privately that just maybe she doesn't. but we're not talking about this. this is a clown show that's going on right now. what is -- >> i love that debate. >> well, the long game is unclear and the short game is even more unclear because they're not going to hold up the nomination of susan rice. i meaning...
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darren gersh, nbr, washington. >> tom: while the summer drought baked midwestern fields, farm values are up. still ahead tonight, we look at why farmland is such a hot commodity with investors. off the farm, home prices continue heading higher, rising for an 18th consecutive month, according to the widely followed s&p case/schiller home price index. the survey tracks 20 metropolitan cities, and shows home prices were up 3% year over year in september. compared to august, prices inched up three-tenths percent higher. together, analysts say the numbers add up to a long recovery for housing. >> the housing market has clearly turned the corner and is overy.n its way to r it's going to be a slow, steady, recovery rather than a booming, explosive recovery, because we still have a few years of distressed inventory we have to work through and some headwinds in the lending market. >> tom: nationally, prices are back to their mid-2003 levels. but they're still down 30% from the peak of the housing bubble. >> susie: last summer's drought fried much of the nation's corn crop, but it didn't scorc
darren gersh, nbr, washington. >> tom: while the summer drought baked midwestern fields, farm values are up. still ahead tonight, we look at why farmland is such a hot commodity with investors. off the farm, home prices continue heading higher, rising for an 18th consecutive month, according to the widely followed s&p case/schiller home price index. the survey tracks 20 metropolitan cities, and shows home prices were up 3% year over year in september. compared to august, prices inched...
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could he end the drama right now if he stayed put in washington and held a series of face-to-face meetings with reid, mcconnell, boehner, and pelosi instead of his planned meetings this week with small business owners, business leaders and middle class americans, not to mention a trip scheduled for friday to pennsylvania. a state he won by five points in the election, to sell american voters on a tax plan he has very loudly and clearly said he's already sold them on. mark warner is a member of the senate's bipartisan gang of eight. they've been working to develop a deficit reduction plan. let me just ask you how you feel right now. 11 days since the president's met with congressional leaders face-to-face, do you think there needs to be more meetings like that right now? >> well, i think the president is doing the right thing. he's got to make the case to congress and the american people. not only of the dire consequences if we go over the cliff, but actually the tremendous upside. and one of the things we don't focus on enough, if we get a real deal, the amount of private capital that will
could he end the drama right now if he stayed put in washington and held a series of face-to-face meetings with reid, mcconnell, boehner, and pelosi instead of his planned meetings this week with small business owners, business leaders and middle class americans, not to mention a trip scheduled for friday to pennsylvania. a state he won by five points in the election, to sell american voters on a tax plan he has very loudly and clearly said he's already sold them on. mark warner is a member of...
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, approval ratings for everyone in washington are at record lows. but it does seem to be particularly poisonous. i thought this election campaign really plummeted new depths on occasion. >> as you know, it was reported that i canceled the saddleback civil forum on the presidency for this very reason. early in the election cycle, before the republican candidate had even been chosen, both sides talked to me about doing the civil forum again, and it was well received the last time, four years ago, and i thought well, okay, i'll think about it. but i just found that to be honest with you, in my personal opinion, neither side was really presenting a compelling vision of the future because there was so much negativity over the other guy as a jerk. we spent $2 billion on this election and literally, nothing changed. we have the same white house, we have the same congress and we have the same senate and i'm going what was that all about. was that really necessary, did that really prove the value of negative ads, did that really prove the value of demeaning
, approval ratings for everyone in washington are at record lows. but it does seem to be particularly poisonous. i thought this election campaign really plummeted new depths on occasion. >> as you know, it was reported that i canceled the saddleback civil forum on the presidency for this very reason. early in the election cycle, before the republican candidate had even been chosen, both sides talked to me about doing the civil forum again, and it was well received the last time, four...
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grid lock in washington dragging on stocks again today. let's go with the latest on fiscal cliff talks on capitol hill. >> let me give you a sense of what the impact was from the fiscal cliff talks here in washington. just after 2:00 when the senate majority leader came to talk to reporters about progress in the talks take a look at this s&p chart and you see that the market drops right as harry reid speaks. talking about that lack of progress. let me tell you exactly what he said and why i think the market got it a little bit wrong today. here is harry reid's comment that the market was reacting to. >> there has been little progress with the republicans which is a disappointment to me. they talked happy talk about doing revenues but we only have a couple of weeks to get something done. we have to get away from the happy talk and start talking about specific things. >> my take on this is that the market heard the senate majority leader saying there is little progress up here but what he was really saying is there is little progress with th
grid lock in washington dragging on stocks again today. let's go with the latest on fiscal cliff talks on capitol hill. >> let me give you a sense of what the impact was from the fiscal cliff talks here in washington. just after 2:00 when the senate majority leader came to talk to reporters about progress in the talks take a look at this s&p chart and you see that the market drops right as harry reid speaks. talking about that lack of progress. let me tell you exactly what he said and...
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the fiscal cliff is an abstraction to some degree here in washington. they're just behind me at the white house. representatives are meeting with white house officials now. in southwest ohio, john boehner's district north of cincinnati, a tip back into recession would bring very real economic pain. >> oh, i thought -- you did that so well, john. i thought you were leading up to a tape soof some kind. >> i was leelding ileading up f some kind, it's not rolling. >> you fooled them. representatives go back to their home states during a thanksgiving holiday. do you think they got an earful? get something done, compromise, do something, or stand your ground. what do you think the message was? >> yes, i do think they did. it's not a stand your ground message. somebody said the other day about the election that neither party got a mandate coming out of the election. what they got was a work order to get the job done. i think that's what john boehner's constituents are telling him. that's what all the other congressional leaders are hearing from their people. n
the fiscal cliff is an abstraction to some degree here in washington. they're just behind me at the white house. representatives are meeting with white house officials now. in southwest ohio, john boehner's district north of cincinnati, a tip back into recession would bring very real economic pain. >> oh, i thought -- you did that so well, john. i thought you were leading up to a tape soof some kind. >> i was leelding ileading up f some kind, it's not rolling. >> you fooled...
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but before that he sat down with me here in washington for an exclusive interview. what's the biggest problem in u.s./mexican relations right now? >> translator: to build greater trust in our relationship is first and foremost with mr. obama in this meeting. the main purpose is to get to know each other. i'm convinced a good relationship between the countries has to go through the people who -- they have a good understanding. and my purpose then is to create a relationship to build a relationship based on trust and relationship that would be positive, constructive that would allow us to understand the world affairs and the world matters that both peoples have to face. and based on this agreement will reach relationship of brotherhood. >> there have been record deportations in the obama administration from the united states of undocumented workers back into mexico. >> translator: i think we have to work on this issue. especially to get to proper treatment for the people who are deported because they'll have the proper papers. but also i see with great understanding t
but before that he sat down with me here in washington for an exclusive interview. what's the biggest problem in u.s./mexican relations right now? >> translator: to build greater trust in our relationship is first and foremost with mr. obama in this meeting. the main purpose is to get to know each other. i'm convinced a good relationship between the countries has to go through the people who -- they have a good understanding. and my purpose then is to create a relationship to build a...
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let me bring in chief washington correspondent, john harwood. a 15-minute meeting does that equate to a photo op perhaps? >> sure, it's a photo op. obviously, relation with mexico are extremely he important. the united states is the largest trading partner of mexico. we've seen that immigrants from mexico played a critical role in american elections, and it's a good time to broaden that dialogue to economic issues. you know, the issues of immigration have faded somewhat because the rate of immigration has slowed because our economy has slowed. the drug violence and down somewhat, so it's an aus pishs time for the mexican president-elect and for president obama. he's juggling the fiscal cliff but you have to walk and chew gum at the same time at the white house. >> you have to walk and chew gum where lives are lost almost every day with this drug war that is ongoing in mexico and spilling into as we know parts of texas and other border states. >> exactly. the question is, how do you broaden out the relationship? what is the ways in which the unit
let me bring in chief washington correspondent, john harwood. a 15-minute meeting does that equate to a photo op perhaps? >> sure, it's a photo op. obviously, relation with mexico are extremely he important. the united states is the largest trading partner of mexico. we've seen that immigrants from mexico played a critical role in american elections, and it's a good time to broaden that dialogue to economic issues. you know, the issues of immigration have faded somewhat because the rate...
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more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >>> parents of a 7-year-old girl with leukemia gave her medical mare wa marijuana every day to cope with pain. some question whether or not it is the healthiest thing to do. we asked dr. sanjay gupta about it. >> the issue of
more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. you won't just find us online, you'll also find us in person, with...
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Nov 27, 2012
11/12
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a lot of talk about the fiscal cliff in washington. we want to turn to all of you outside of washington and get your take on this idea of going off the fiscal cliff. we'll start with glenn in new york. democratic color. go ahead. >> guest: you know, i'd to remark on how relatively quickly it sounds like the white house is willing to sell out. you know, if we go off the fiscal cliff to january 2, and pronounce, you know, our willingness to help the republicans negate the pledge not to raise taxes by simply letting it expire, and then any tax changed to reduce taxes will be a tax cut. they will be glad to sign. all other superrich backers who are now going to face 55% estate tax on anything over $1 billion will be coming in, screaming over their shoulders, signed a got dam thing. and you know, we're not going to have $200 billion spending if after january 1 we signed a new tax bill the second or third. so the fact that obama's administration is willing to make it sound like he's averting a catastrophe over the full 2013 is an insult to p
a lot of talk about the fiscal cliff in washington. we want to turn to all of you outside of washington and get your take on this idea of going off the fiscal cliff. we'll start with glenn in new york. democratic color. go ahead. >> guest: you know, i'd to remark on how relatively quickly it sounds like the white house is willing to sell out. you know, if we go off the fiscal cliff to january 2, and pronounce, you know, our willingness to help the republicans negate the pledge not to...
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Nov 27, 2012
11/12
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FOXNEWSW
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jenna: kelly wright, live in washington with more. kelly, the three senators just held the news briefing which we played a little bit from kelly ayotte. tell us generally what was their response? what sort of reaction they had to what they heard inside that closed-door meeting? >> reporter: let's stay on focus on that because that is really telling. each senator saw the tone being stunned by the information they heard in this closed-door meeting with u.n. ambassador susan rice. they are significantly troubled they say, more than that ever, which means there are more questions than answers as a result of this meeting. even saying that rice ace comments were clearly wrong. >> what happened initially was it was a spontaneous reaction to what had just transpired in cairo. as a consequence of the video. >> reporter: and right after that, during that news briefing that we heard, we heard from actually senator lindsey graham, senator kelly ayotte and senator john mccain, all of them stating those comments are completely wrong. senator graham
jenna: kelly wright, live in washington with more. kelly, the three senators just held the news briefing which we played a little bit from kelly ayotte. tell us generally what was their response? what sort of reaction they had to what they heard inside that closed-door meeting? >> reporter: let's stay on focus on that because that is really telling. each senator saw the tone being stunned by the information they heard in this closed-door meeting with u.n. ambassador susan rice. they are...
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Nov 27, 2012
11/12
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the reason why i'm on the show and the reason why i recently spoke at washington, d.c. at a government affairs conference is to change the system. stuart: what system? >> the credit bureaus, credit reporting system. stuart: what's wrong with it? >> everything is wrong with it. stuart: three company; right? -- three companies; right? what's wrong with them. >> they are for profit companies, not government agencies. stuart: and you're not? >> i am, but also don't control the lives of 300 million people. you have three repositories that collect the data on all of us as consumers. then you have is a separate company that generates our credit scores. the government consistently tries to put their thumb on monopolies in this country, but yet they overlook the one company, there's only one that generates the credit scores for 300 million people. why is that? stuart: if you think it is fixed and it is a monopoly and the government has its thumb on it, what system would you put in place? real fast. >> i would probably follow the guidelines of the consumer financial protection bu
the reason why i'm on the show and the reason why i recently spoke at washington, d.c. at a government affairs conference is to change the system. stuart: what system? >> the credit bureaus, credit reporting system. stuart: what's wrong with it? >> everything is wrong with it. stuart: three company; right? -- three companies; right? what's wrong with them. >> they are for profit companies, not government agencies. stuart: and you're not? >> i am, but also don't control...